Affordable Colorado Apartments to Introduce Profit Sharing and Other Wealth Building Features for Renters
Enterprise Community Partners announced today that Sheridan Ridge Townhomes and Willow Green Townhomes, located just outside Denver Colorado and owned by Archway Communities, are the first investments of the Renter Wealth Creation Fund, an...
Multifamily mortgage debt outstanding rises in Q2
A Mortgage Bankers Association (MBA) report shows that total net growth in multifamily mortgage debt outstanding in Q2 2023 rebounded from the very low level of Q1. However, growth in multifamily mortgage holdings was...
TruAmerica Finalizes $103M Purchase of Apartment Complex in Santa Ana, California
TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, expanded its Southern California portfolio with the $102.9 million purchase of Nineteen01, a 264-unit apartment asset in Santa Ana, CA. The Class A property, which was...
August multifamily construction starts down sharply
The Census Bureau’s new residential construction report for August stated that the number of multifamily permits issued and unit completions were up from the levels reported last month. However, the number of multifamily starts...
Marcus & Millichap Sells $2.6 Million Multifamily Property
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Harbordale Residences in Fort Lauderdale, Florida. The property sold for...
Eagle Property Capital Acquires Orlando Apartment Community
Eagle Property Capital Investments acquired Windrift Apartments, a 288-unit apartment community located in Orlando, Florida for an undisclosed amount. Berkadia arranged financing through Fannie Mae. With this acquisition, EPC expanded its footprint in the Orlando...
Nova Capital Secures $55.85 Million in Financing for a Multifamily Community in Weatherford, Texas
Nova Capital, a Los Angeles-based real estate capital advisory firm, has secured a combined $55.85 million in financing on behalf of Darwin German Real Estate, a full service real estate investment firm that specializes...
Marcus & Millichap Brokers $84.75 Million Multifamily Asset Sale in Raleigh-Durham North Carolina
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Kelby Farms, a 277-unit multifamily property in Durham, North Carolina....
Ariel Property Advisors Arranges Sale of Gowanus Development Site for $29.5 Million
Ariel Property Advisors has arranged the sale of a 421a vested, mixed-use development site offering 101,852 buildable square feet at 125 3rd Street in the Gowanus neighborhood of Brooklyn for $29.5 million ($290 /BSF)....
Marcus & Millichap Brokers the $5 Million Sale of Greater Boston Apartments
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Beals Street Apartments, a nine-unit apartment property located at 10...
Multifamily starts slowdown forecast to come later
Fannie Mae’s September economic and housing forecast predicts higher multifamily starts in 2023 but lower multifamily starts in 2024 than called for in last month’s forecast.
Multifamily starts expected to slow - later
The current forecast...
Sale of Newly Built Multi-Housing Community in Houston MSA Closes
JLL Capital Markets announced today that it has closed the sale of and arranged the financing for The Wildwood Apartments, a 300-unit, newly developed, institutional, Class A multi-housing community located in the Houston suburb...
Yardi and property managers sued over revenue management software
Property management software firm Yardi Systems was sued in the U.S. District Court for the Western District of Washington on September 8 over its revenue management software product, currently called Revenue IQ. The suit...
Market rents: who’s hot, who’s not
The pandemic created a number of anomalies in the rental market that will take some time to normalize, not the least of which is in market rents. While more than 35 percent...
The Bainbridge Companies Opens Bainbridge Cary in North Carolina
The Bainbridge Companies, a fully-integrated family of real estate companies who engage in virtually every step of the real estate process, from development and construction, acquisition and disposition, to asset management and third-party property...
